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MCON Rasayan India IPO

Small CapSME
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IPO Details

Bidding Dates

06 Mar '23 - 10 Mar '23

Minimum Investment

₹120,000 / 1 Lots ( 3000 Shares )

Price Range

₹40

Maximum Investment

₹120,000 / 1 Lots ( 3000 Shares )

Retail Discount

To be announced

Issue Size

₹6.84 Cr

Investor category and sub category

Qualified Institutional Buyers  |  Non-Institutional Investors  |  Retail Individual Investors

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Mar 6, 23

IPO Close Date

Mar 10, 23

IPO Allotment Date

Mar 15, 23

Initiation Of Refunds

Mar 16, 23

Credit Of Shares To Demat Account

Mar 17, 23

IPO Listing Date

Mar 20, 23

IPO Subscription Details

DateNIIRetailTotal

Day 12023-03-06

16.2332.7124.47

Day 22023-03-08

33.03115.8774.45

Day 32023-03-09

72.04241.77157.91

Day 42023-03-10

307.09453.41384.64

About Company

The company offers a product suite of eighty products, including a range of construction materials and construction chemicals in powder and liquid forms. They are into manufacturing, marketing, and selling high-quality construction chemicals and building finish materials in the Indian and overseas markets. 

They have two manufacturing units in Valsad and Navsari, Gujarat. The Valsad unit primarily manufactures admixtures, wall putty, tile adhesives, concrete repair systems and waterproofing systems with an installed capacity of 2,500 MPTA. 

MCON Rasayan India Ltd. IPO Objective 

The IPO fund is primarily required to meet working capital requirements and general corporate purposes.

Why should you invest in MCON Rasayan India Ltd. IPO?

Here are your top reasons to consider investing in the IPO:

  • They offer a comprehensive product portfolio in building construction materials.
  • With a steep rise in construction activities and higher import charges for construction chemicals, there are new opportunities for domestic construction chemical companies.
  • Allowing 100% FDI in the infrastructure sector will boost the growth of construction chemical companies.

MCON Rasayan India Company Financials

ParametersYear ending on As on 31st March, 2022 (₹ lakhs)Year ending on As on 31st March, 2021 (₹ lakhs)
Revenue from operation1,921.65897.77
Profit After Tax44.4018.68
EBITDA128.0491.38
EBITDA Margin6.66%10.18%
EPS (Basic)2.961.25
Current Asset1,177.52685.91
Current Liabilities463.79293.31

Know before investing

Strengths

3

  1. An increase in construction and infrastructure development activities will boost the sector.

  2. They are associated with clients like developers, civil contractors and architects for the marketing of their products.

  3. They have an in-house research and development unit in Navi Mumbai, Maharashtra.

Risks

3

  1. They depend on third-party suppliers for raw materials, which limits their control over the quality of the products.

  2. Their revenue primarily comes from the top five customers.

  3. The business is subject to seasonal variances and market cycles that result in fluctuating operations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

MCON Rasayan India IPO FAQs

MCON Rasayan India Ltd. SME will raise ₹6.84 crore through a public issue by selling 1,710,000 equity shares with a face value of ₹10.
The basis of allotment date is March 15, 2023.
One lot of MCON Rasayan India Ltd. IPO has 3000 shares.
The IPO will open on March 06, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of MCON Rasayan India Limited on NSE SME is March 20, 2023.
You can check the allotment status of your IPO application from the Angel One app. To check the IPO allotment status, enter the application number, DP ID, and PAN number into the app.
Listing gain is the difference between the IPO's opening and offer prices. The listing gain is influenced by changing investors' interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 3000 shares.
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